Companies must prove their supply chains aren't contributing to the destruction of forests.
An internal Union Investment document seen by Reuters shows that the firm received just 30 responses to its outreach. Of those, only 14 companies said they had zero-deforestation goals.
The legislation is expected by lawmakers to be implemented by the end of 2024 for "big operators". Although consumer goods manufacturers are particularly exposed, other sectors that import goods associated with deforestation, including commodities houses and industrials companies, will also face scrutiny.
Consumer goods makers are counting on technology such as satellites and artificial intelligence to help eradicate deforestation from their supply chains. But the efforts may not be enough to comply with the rules, said EU lawmaker Christophe Hansen.Several large consumer goods companies say they are close to meeting their ambitious zero-deforestation goals.
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